Retail Space
12610 Southwest 120th Street Miami, FL 33186
Details & Description
Price: $3,933,800
    Marcus & Millichap is proud to market the Chase NNN lease bank property located in Kendall (Miami) Florida. The 2004 construction building encompasses 4,280 square feet and is ideally located in the heart of a dense growing Miami-Dade submarket with over 150,000 people living within three miles of the subject property. This is a pad site within the South Kendall Square shopping center that is also anchored by Walgreens, Starbuck’s, Bonefish Grill, T-Mobile and Quest Diagnostics. The bank location has very high annual deposits of over $160 Million and recently exercised their first of four options to renew the property showing their long-term commitment to the site. The lease also includes aggressive 12 percent base rental increases every five years.
    Property Highlights
     Subject Property Has a Perpetual Shared Parking Agreement With the Shopping Center Allowing for Additional Parking
     Chase Bank has Occupied the Site since 2005 and Recently Exercised Their First Renewal Option
    Additional Photos
    Listing Agents
    Drew Kristol

    O: 786-522-7065
    drew.kristol@marcusmillichap.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    12610 Southwest 120th Street

    Miami, FL 33186

    Listing ID: 275629
    • 12610 Southwest 120th Street Miami, FL 33186 | for Sale | Photo 1
    • 12610 Southwest 120th Street Miami, FL 33186 | for Sale | Photo 2
    • 12610 Southwest 120th Street Miami, FL 33186 | for Sale | Photo 3
    • 12610 Southwest 120th Street Miami, FL 33186 | for Sale | Photo 4
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    Building Size: 4,280 SF
    Lot Size: 0.500 AC
    Land Size: 21,780 SF
    Building $/SF: $919.11
    Land $/SF: $180.62
    Price
    $3,933,800
    Property Highlights
    Chase Bank has Occupied the Site since 2005 and Recently Exercised Their First Renewal Option
    Branch Deposits Over $160 Million
    Subject Property Has a Perpetual Shared Parking Agreement With the Shopping Center Allowing for Additional Parking
    Description

    Marcus & Millichap is proud to market the Chase NNN lease bank property located in Kendall (Miami) Florida. The 2004 construction building encompasses 4,280 square feet and is ideally located in the heart of a dense growing Miami-Dade submarket with over 150,000 people living within three miles of the subject property. This is a pad site within the South Kendall Square shopping center that is also anchored by Walgreens, Starbuck’s, Bonefish Grill, T-Mobile and Quest Diagnostics. The bank location has very high annual deposits of over $160 Million and recently exercised their first of four options to renew the property showing their long-term commitment to the site. The lease also includes aggressive 12 percent base rental increases every five years.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Miami History of Retail Space for Sale

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    Miami Area Market Trends

    Listing Demographics for 12610 Southwest 120th Street Miami, FL 33186

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

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    Common Questions and Answers

    What is the asking price for 12610 Southwest 120th Street in Miami?
    The asking price for 12610 Southwest 120th Street is $3,933,800
    What is the building size of this Retail property in Miami, FL?
    The size of the building/unit at 12610 Southwest 120th Street in Miami is 4,280 square feet
    How much land does the Miami, FL property at 12610 Southwest 120th Street include?
    12610 Southwest 120th Street in Miami includes 0.500 acres of land
    What kind of Retail is the property at 12610 Southwest 120th Street?
    The property at 12610 Southwest 120th Street Miami, FL 33186 is listed as a Banking Retail property
    What is the population within 1 mile of 12610 Southwest 120th Street in Miami?
    The population within 1 mile of 12610 Southwest 120th Street Miami, FL 33186 is 14,423 people.
    Who do I contact for questions about 12610 Southwest 120th Street?
    You should contact the listing agent, Drew Kristol , for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi) Directions
    Miami International Airport (MIA) 12
    Fort Lauderdale Hollywood International Airport (FLL) 33
    Palm Beach International Airport (PBI) 73